FT Vest S&P 500 Dividend Aristocrats Target Income ETF (BATS:KNG) Shares Climb 2.1% – Should You Buy?

FT Vest S&P 500 Dividend Aristocrats Target Income ETF (BATS:KNG – Get Free Report)’s share price rose 2.1% during trading on Thursday. The company traded as high as $51.46 and last traded at $51.46. Approximately 583,534 shares were traded during mid-day trading, an increase of 73% from the average session volume of 337,383 shares. The stock had previously closed at $50.39.

FT Vest S&P 500 Dividend Aristocrats Target Income ETF Stock Performance

The firm’s 50-day moving average is $50.12 and its 200 day moving average is $50.00. The stock has a market cap of $3.92 billion, a PE ratio of 21.48 and a beta of 0.83.

Hedge Funds Weigh In On FT Vest S&P 500 Dividend Aristocrats Target Income ETF

Institutional investors have recently added to or reduced their stakes in the stock. Anchor Investment Management LLC acquired a new stake in FT Vest S&P 500 Dividend Aristocrats Target Income ETF during the 1st quarter worth approximately $30,000. AdvisorNet Financial Inc acquired a new position in shares of FT Vest S&P 500 Dividend Aristocrats Target Income ETF in the first quarter valued at approximately $48,000. Continuum Advisory LLC acquired a new position in shares of FT Vest S&P 500 Dividend Aristocrats Target Income ETF in the second quarter valued at approximately $116,000. Bank of New York Mellon Corp purchased a new stake in shares of FT Vest S&P 500 Dividend Aristocrats Target Income ETF during the first quarter worth approximately $433,000. Finally, SBI Securities Co. Ltd. raised its stake in shares of FT Vest S&P 500 Dividend Aristocrats Target Income ETF by 6.6% during the third quarter. SBI Securities Co. Ltd. now owns 11,286 shares of the company’s stock worth $543,000 after purchasing an additional 700 shares during the last quarter.

About FT Vest S&P 500 Dividend Aristocrats Target Income ETF

(Get Free Report)

The FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF (KNG) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an equal-weighted index of US large-cap companies that have increased dividends for at least 25 years, with a partial overlay of covered call options. KNG was launched on Mar 26, 2018 and is managed by First Trust.

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